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Best Growth Stocks to Buy for June 22nd

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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, June 22nd:

Marathon Petroleum (MPC - Free Report) : This Findlay-based company which is a leading independent refiner, transporter and marketer of petroleum products, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 92.4% over the last 60 days.

Marathon Petroleum has a PEG ratio of 0.33 compared with 0.54 for the industry. The company possesses a Growth Score of A.

Cadence Design Systems (CDNS - Free Report) : This San Jose-basedcompanythat offers products and tools that help customers to design electronic products, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days.

Cadence Design Systems has a PEG ratio of 2.21 compared with 9.34 for the industry. The company possesses a Growth Score of A.

Avnet (AVT - Free Report) :  This company which is one of the world’s largest distributors of electronic components and computer products,carries a Zacks Rank #1(strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.5% over the last 60 days.

Avnet, Inc. Price and Consensus

Avnet, Inc. Price and Consensus

Avnet, Inc. price-consensus-chart | Avnet, Inc. Quote

Avnet has a PEG ratio of 0.17 compared with 0.52 for the industry. The company possesses a Growth Score of B.

Avnet, Inc. PEG Ratio (TTM)

Avnet, Inc. PEG Ratio (TTM)

Avnet, Inc. peg-ratio-ttm | Avnet, Inc. Quote

 

See the full list of top ranked stocks here.

 

Learn more about the Growth score and how it is calculated here.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Avnet, Inc. (AVT) - free report >>

Marathon Petroleum Corporation (MPC) - free report >>

Cadence Design Systems, Inc. (CDNS) - free report >>